Strong growth for club partners Breedon

Leicester Tigers club partners Breedon Group increased revenues by nearly a third in the financial year according to their annual results.

The construction materials group saw revenues reach £862 million (up 32 per cent from £652 million) to the end of 2018 and recorded pre-tax profits of £79.9 million.

Employing 3,000 workers in cement plants and quarrying as well as asphalt, concrete, clay, slate production, contract surfacing and import/export terminals, Breedon was 10 years old in 2018.

The annual report states: “From our first acquisition in 2010 to our recent £455 million purchase of Lagan, we have demonstrated our ability to deliver strong earnings growth, through a combination of organic development and value-enhancing acquisitions.”

Breedon Group plc executive chairman Peter Tom CBE, also chairman of Leicester Tigers, said: “We out-performed the GB market in sales volumes of all of our key products, grew our revenues and profits, and once again generated strong cashflow, enabling us to pay down a material proportion of our post-Lagan debt.

“Our company is in excellent shape and well placed to benefit from medium-term growth predicted for our markets. We are confident of making further progress in the current year.”

By submitting your details, you agree to the use of your data by Leicester Tigers in accordance with our Privacy Policy. We use your data to personalise and improve your experience on our platforms and provide information, products and services that are relevant to you from Leicester Tigers and our partners.

Yes, I’d like to receive emails from Leicester Tigers including news, promotional information and messages from our partners.*